Global Medical Foam Market Report and Forecast 2024-2032

Global Medical Foam Market Outlook

The global medical foam market attained a value of about USD 32.55 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7% to reach nearly USD 59.59 billion by 2032.

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Increasing cases of Epidemic Outbreaks to Bolster the Medical Foam Industry

The growing global population and the rising health concerns among people related to personal hygiene due to the increasing cases of viral outbreaks, like COVID-19, H5N1 Avian influenza, and HGN1 Swine flu, among others, are bolstering the demand for various medical devices for treatment purposes, which, in turn, is driving the market for medical foam. Medical foam is used as a replacement for conventional material in the healthcare sector for manufacturing instruments, like orthopaedic and prosthetics models, as they are extremely lightweight and possess excellent tensile and compressive strengths. This is anticipated to augment the market growth in the coming next years. Furthermore, the application of medical-grade foams for the packaging of different healthcare devices and pharmaceutical products is another important factor boosting the growth of the market.

Medical Foam: Market Segmentation

The term medical foam refers to medical-grade foam, which is generally sterile, strain resistant, fungal resistant, and very durable. It is a product used in the medical industry for applications in numerous medical devices and support materials, such as bedding materials, wound dressing, surgical drapes, gloves, garments, and medical packing. Medical foams are formulated for a vast range of selection of applications within the healthcare industry to meet various challenges prevalent in the medical industry these days.

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On the basis of type, the market can be divided into:

• Rigid
• Flexible
• Moulded

Based on material, the market can be categorised into:

• Polymer
• Metal
• Others

The market can be broadly categorised on the basis of applications into:

• Packaging
• Bedding and cushioning
• Device and components
• Others

The EMR report looks into the regional markets of medical foam like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Government Investments in the Healthcare Sector to Augment the Market for Medical Foam

The growth in the global market for medical foam is ascribed to various factors, such as increasing global health expenditure, geriatric population, and the rapid expansion of the medical industry.  The rapid spread of coronavirus boosted the healthcare industry, and thus the market demand for medical foam in various applications such as bedding and cushioning is providing impetus to the market growth.  In addition to this, the rising government investments in the healthcare sector is further augmenting the industry growth of medical foam.

Furthermore, consumer focus on the health and periodic cleanliness and growing worldwide population are escalating the demand for high-quality medical foam suitable for various applications. This factor is also predicted to continue driving the global industry for medical foams in the forecast period. In addition,  the use of medical foams for packaging various healthcare devices and pharmaceuticals is further fuelling the growth of the medical foam industry.

Key Industry Players in the Global Medical Foam Market

The report presents a detailed analysis of the following key players in the global medical foam market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Advanced Medical Solutions Group Plc
• Apollo Foam Limited
• Draka Interfoam B.V
• Foamtec Medical
• Freudenberg Performance Materials Holding SE & Co. KG
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report